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City traders’ Libor rate-rigging criminal convictions quashed by Supreme Court
The Supreme Court's decision to overturn the convictions of former traders involved in the interest rate manipulation case may impact financial regulation and market integrity perc...
Read Full Article →London Foundation for Banking & Finance appoints new trustees
The addition of three experienced professionals from finance, insurance, and private equity to the foundation’s board is expected to enhance its strategic oversight and drive more...
Read Full Article →Modi’s visit puts global Britain to the test
Prime Minister Modi’s visit and the upcoming Free Trade Agreement could significantly impact the UK’s economic strategy by strengthening trade ties amid shifting global markets and...
Read Full Article →Rolls-Royce banking on bespoke cars to attract super-rich
Rolls-Royce experienced increased profitability in 2024 largely due to a growing demand for personalized vehicles among affluent customers, which drove higher average revenue per u...
Read Full Article →OpenAI: ChatGPT maker’s UK earnings skyrocket
Since introducing its AI service in the UK, the company’s financial position strengthened significantly, closing the year with substantial cash reserves and notable outstanding rec...
Read Full Article →Business lender Shawbrook plots £2bn London IPO
Shawbrook’s planned flotation in London aims to raise substantial capital and offers an opportunity for its private equity backers to realize returns while enhancing market activit...
Read Full Article →Heathrow: Earnings jump despite cost warnings
Despite concerns over rising energy expenses and upkeep charges, the airport’s profitability showed a slight increase in the initial half of the year compared to the previous perio...
Read Full Article →JD Wetherspoons: Sales overtake pre-pandemic levels
JD Wetherspoons has experienced a notable increase in revenue across its 794 locations, surpassing figures from before the global health crisis and outperforming the overall hospit...
Read Full Article →Equinox losses nearly triple in the UK amid luxury sector woes
Equinox’s UK operations experienced a significant financial decline in 2024, reporting a £21 million loss that reflects broader challenges within the upscale market segment.
Read Full Article →One month on, the wheels are already coming off the government’s industrial strategy
Since the government unveiled its ambitious industrial plan a month ago, several key projects, including renewable fuel facilities, have ceased operations, raising concerns about t...
Read Full Article →London’s secret Cold War tunnels, once inspiration for James Bond, are at the centre of a multi-mill...
The dispute involving covert underground passages beneath key London sites is valued at £8.5 million and has been brought before the High Court, highlighting substantial financial...
Read Full Article →‘Irresponsible’ M&S ad gets banned for promoting ‘unhealthily thin’ models
The ruling against the retailer's promotional content may affect its brand reputation and consumer trust, potentially influencing sales and advertising strategies in a highly compe...
Read Full Article →The Debate: Should the London Stock Exchange open 24-hour trading?
Extending trading hours could potentially increase market liquidity and attract a broader range of investors, impacting overall transaction volumes and the exchange’s competitive p...
Read Full Article →Investors: brace for a breakdown in UK gilts
The inability of the UK government to implement key fiscal changes increases the risk of a bond market upheaval, potentially triggering urgent expenditure reductions to restore fin...
Read Full Article →UK consumers lack confidence to identify as investors
Despite a majority of UK workers participating in workplace pension schemes, many hesitate to view themselves as investors, reflecting widespread uncertainty about engaging with fi...
Read Full Article →Rachel Reeves: It’s not progressive to pay off US hedge funds for debt
The government's repayment of foreign investment firms holding public debt has significant budgetary implications, especially as recent data shows interest costs have surged compar...
Read Full Article →Linklaters: Profit passes £1bn as partners set for record pay day
Linklaters has reported pre-tax earnings exceeding £1 billion for the first time, reflecting a 14 percent increase and signaling substantial financial gains for its partners.
Read Full Article →Landlords lose confidence in face of Renters Rights Bill
A majority of property owners are hesitant to expand their rental holdings due to increased expenses and unclear regulations, leading to reduced investment activity within the hous...
Read Full Article →London hotel rates quintuple amid supersonic Oasis demand
The influx of visitors attending the high-profile concert series has substantially increased accommodation expenses in the area, reflecting a significant boost in revenue for local...
Read Full Article →The Works: Shares triple in value after ‘living to fight another day’
The company’s stock price has increased significantly over recent months, reflecting renewed investor confidence following concerns about its position within the contemporary retai...
Read Full Article →FCA urges UK insurers to improve motor insurance claim handling
The UK financial regulator highlighted that inadequate processing of motor insurance claims is contributing to increased premiums and emphasized the need for insurers to enhance th...
Read Full Article →Private equity boom: Nearly 9 in 10 accountancy firms approached last year
A substantial majority of UK accountancy firms experienced increased engagement from private equity investors last year, indicating strong mutual interest in significant financial...
Read Full Article →Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week
The upcoming earnings reports from major FTSE 100 banks like Natwest and Lloyds are anticipated to provide important insights into their financial performance and market outlook fo...
Read Full Article →Flexjet: Private jet giant valued at $4bn after mega funding round
Following an $800 million investment led by prominent private equity firms, Flexjet's market valuation has increased significantly, highlighting the growing financial confidence in...
Read Full Article →Hiring Rishi Sunak is an ingenious move from Goldman Sachs
Goldman Sachs’ decision to appoint former UK prime minister Rishi Sunak reflects a strategic effort to leverage his political expertise for navigating complex global markets and en...
Read Full Article →Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m
Gridserve, a company supported by investors linked to Sir Richard Branson, reduced its workforce following a significant pre-tax deficit exceeding £80 million reported for the 2024...
Read Full Article →BP appoints former CRH boss as chair
The appointment of Albert Manifold as the new chair brings leadership experience that may influence BP’s strategic decisions and investor confidence during a period of transition a...
Read Full Article →Roadchef: M25 and M1 delays force motorway services to a loss
Extended traffic disruptions on major motorways negatively impacted the revenue and profitability of the motorway service operator, resulting in a pre-tax deficit of £5.9 million f...
Read Full Article →Brit Awards in the red ahead of Manchester move
Brit Awards Limited has experienced a pre-tax loss of £12,653 for 2024, reflecting financial challenges as the organization prepares to relocate the annual ceremony from London to...
Read Full Article →Ryanair profit more than doubles as fares jump
Ryanair's earnings surged significantly in the recent quarter, driven by increased ticket costs and seasonal factors, resulting in a substantial rise in both revenue and net income...
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